Lotus Technology Inc. has entered into a $350 million equity financing agreement with Westwood Capital Group LLC. The facility allows Lotus to sell up to $350 million of American depositary shares (ADSs) to Westwood over approximately 36 months, subject to certain conditions.The purchase price for the ADSs will be 97% of the lowest daily volume-weighted average price during a 3-day period. Each issuance is capped at 50% of the average daily trading volume and $100 million. Lotus will issue $3.5 million worth of commitment shares to Westwood upon filing the initial registration statement.Lotus intends to use the proceeds for product innovation, next-generation technologies, global distribution expansion, and general corporate purposes. The agreement provides Lotus with a flexible funding source to support its growth initiatives.

Lotus Technology Inc. has entered into a $350 million equity financing agreement with Westwood Capital Group LLC. The facility allows Lotus to sell up to $350 million of American depositary shares (ADSs) to Westwood over approximately 36 months, subject to certain conditions.The purchase price for the ADSs will be 97% of the lowest daily volume-weighted average price during a 3-day period. Each issuance is capped at 50% of the average daily trading volume and $100 million. Lotus will issue $3.5 million worth of commitment shares to Westwood upon filing the initial registration statement.Lotus intends to use the proceeds for product innovation, next-generation technologies, global distribution expansion, and general corporate purposes. The agreement provides Lotus with a flexible funding source to support its growth initiatives.